Con-Ed wants to hike up the already high electricity and natural-gas prices in New York City and Westchester in October 2013, according to the New York Post.
The company is asking the state Public Service Commission for the increase this November, Con-Ed CFO Robert Hoglund told the paper, adding that the state’s decision will take 11 months.
Con-Ed wouldn’t disclose how much more money customers will have to pony up to keep their lights on, or whether it will seek single-year or multi-year hikes.
According to the Post, Con-Ed’s electricity prices have consistently been among the country’s highest, with a 10 percent jump in price in 2010, even as the national average price hardly changed. There was 2.5 percent jump in April.
And despite paying amongst the most in the country, Con-Ed’s customers in New York City use less electricity than other Americans, according to Hoglund. So, a monthly bill for a small apartment in the city is on par with the bill for an entire house in some parts of the country.
This summer, after contract disputes over new hires’ pension plans. About 5,000 managers stepped up to do work like splicing cables, responding to emergencies and stocking shelves. In August, an agreement was finally reached.
